@cypherdoc - SC is not simple to understand

transacting in SC can be separated in 3 steps
1. entering SC
2. using SC
3. exiting SC

steps #1 and #3 => entering and exiting is 2-way-peg
a) 2-way-peg can be done by
 - trusted entity (human or server will convert between MC and SC) => it can be you (cypherSC)
 - Federated peg (N humans or oracles will create transactions on MC and SC -> locking and unlocking BTC and scBTC)
 - Co-signed (N humans or oracles ) and SPV proof from SC will be required to convert between MC and SC
 - bitcoin (bitcoin protocol wlll exchange  BTC <-> scBTC)
 - ... and many more
 
b) Then there is step #2 "using SC". This is separated from creating 2wp.
Using SC will require mining. This can be done by
 - MM merge mining
 - trusted entity (server will confirm blocks)
 - using Federated miners (those can by differnet from those who created Federated peg)
 - Oracle/s
 - bitcoin timestamping
 - SNARK
 - ... and many more

c) Block in SC can be new blockchain concept (aka, 'faster transactions', 'different monetary policy', 'better privacy', 'more extensive scripting', 'contracts', 'different cryptography', 'different mining models' and so on).


edit:
2wp, mining, blockchain concept are orthogonal. They create new 3-dimensional world.